BMC ( BMC) agreed to acquire Identify Software, whose products are designed to manage transactions in business applications.

The price is $150 million in cash.

"The acquisition of Identify's state-of-the-art application problem resolution technology will further extend BMC's leadership in transaction management and will continue to clearly differentiate BMC's business service management strategy," the company said in a release. "Identify will enable us to offer customers unprecedented problem resolution capabilities that directly impact the way that IT serves the goals of the business."

BMC closed at $22.01 on Friday.

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